Transfers in
If you are currently paying in to NRDC and you have pension benefits elsewhere, as long as that scheme is registered with HMRC, you could transfer these into your NRDC Personal Retirement Account (PRA).
Transfers in have the same investment options as your normal NRDC contributions.
However, if you are invested in any of the NRDC Managed Lifestyle Funds, your transfer in will be invested in the same way.
To investigate a possible transfer in to your NRDC PRA please complete the NRDC Transfer In Form.
The transfer will not happen automatically. You will be sent a Transfer Quotation with the relevant forms for you to complete. The transfer will not proceed until you have signed the relevant transfer forms.
You’re legally required to get independent financial advice if you’re transferring more than £30,000 worth of defined benefits into your NRDC PRA.
Transfers out
If you are no longer paying in to the NRDC you may be able to transfer your NRDC benefits to any HMRC registered scheme, such as your new employers pension scheme or a personal pension plan.
You will need to contact your new employers scheme administrator or personal pension provider to investigate if a transfer of your NRDC benefits is possible.